现实世界的资产代币化：炒作还是变革力量？

在 Cointelegraph 的 Hashing It Out 播客的这一集中，主持人 Elisha Owusu Akyaw 与 Mantra Chain 首席执行官 John Mullin 一起深入探讨了现实世界资产 (RWA) 代币化领域。 Mullin 阐述了围绕 RWA 代币化的炒作、其对投资者的潜力以及与这项新兴技术相关的挑战。他还探讨了代币化对 Web3 采用的影响、增加机构投资的潜力以及 RWA 领域的监管环境。

Real-World Asset Tokenization: Hype vs. Transformative Power

现实世界的资产代币化：炒作与变革力量

In the realm of emerging technologies, real-world asset (RWA) tokenization stands poised to revolutionize the investment landscape. Join Cointelegraph's Hashing It Out podcast host Elisha Owusu Akyaw and John Mullin, CEO of Mantra Chain, as they delve into the intricacies of this transformative concept.

在新兴技术领域，现实世界资产（RWA）代币化有望彻底改变投资格局。与 Cointelegraph 的 Hashing It Out 播客主持人 Elisha Owusu Akyaw 和 Mantra Chain 首席执行官 John Mullin 一起深入探讨这一变革性概念的复杂性。

The Tokenization Hype: Fact or Fiction?

代币化炒作：事实还是虚构？

Mullin, a seasoned executive in the crypto industry, sheds light on the hype surrounding RWA tokenization. He draws parallels to the popularity of security token offerings (STOs) during the 2018–2019 bull market, acknowledging that excitement tends to accompany emerging trends.

Mullin 是加密货币行业经验丰富的高管，他揭示了围绕 RWA 代币化的炒作。他将 2018 年至 2019 年牛市期间证券型代币发行 (STO) 的流行进行了类比，承认新兴趋势往往伴随着兴奋。

However, Mullin emphasizes that the current interest in RWA tokenization is not merely a passing fad. It is propelled by growing institutional appetite and the ability of projects to navigate regulatory hurdles that once hindered STOs.

然而，Mullin 强调，当前对 RWA 代币化的兴趣不仅仅是一时的时尚。不断增长的机构兴趣和项目克服曾经阻碍 STO 的监管障碍的能力推动了它的发展。

Bridging the Digital and Physical: Rights and Ownership

连接数字和物理：权利和所有权

Tokenization effectively digitizes physical assets, creating a bridge between the digital and physical worlds. Mullin explains that while tokenizing assets is relatively straightforward, granting real-world rights through those tokens is a more complex endeavor.

代币化有效地将实物资产数字化，在数字世界和物理世界之间架起了一座桥梁。 Mullin 解释说，虽然资产代币化相对简单，但通过这些代币授予现实世界的权利却是一项更为复杂的工作。

To create truly transferable tokens, projects must seamlessly merge technology and token creation with real-world ownership, corporate actions, and legal status. This mirroring process enables tokens to reflect and grant the equivalent rights of the underlying physical asset.

为了创建真正的可转让代币，项目必须将技术和代币创建与现实世界的所有权、公司行为和法律地位无缝融合。这种镜像过程使代币能够反映并授予基础实物资产的同等权利。

The Jurisdictional Puzzle: Legal Considerations

管辖权之谜：法律考虑

Mullin highlights the intricate legal and regulatory landscape surrounding RWA tokenization. Each asset class and jurisdiction presents its own set of challenges, requiring projects to adapt their approach accordingly. Despite the complexities, Mullin views these challenges as opportunities for innovation and growth.

Mullin 强调了围绕 RWA 代币化的复杂的法律和监管环境。每个资产类别和司法管辖区都面临着自己的一系列挑战，要求项目相应地调整其方法。尽管存在复杂性，穆林仍将这些挑战视为创新和增长的机遇。

Institutional Appeal: A Gateway to Web3

机构吸引力：通往 Web3 的门户

Mullin anticipates that RWA tokenization will attract significant institutional interest, offering a gateway to Web3 investment for entities that may be hesitant to engage with more volatile crypto assets. By investing in tokenized real-world assets, institutions can gain exposure to the digital world without straying far from familiar investment territories.

Mullin 预计 RWA 代币化将吸引大量机构兴趣，为那些可能犹豫是否参与波动性更大的加密资产的实体提供 Web3 投资的门户。通过投资代币化的现实世界资产，机构可以在不远离熟悉的投资领域的情况下接触数字世界。

Long-Term Vision: A Tokenized World

长期愿景：代币化的世界

Mullin believes that tokenization is a transformative force destined to reshape the world. He envisions a future where all aspects of society, from tangible assets to intangible concepts, are represented and exchanged in digital form. In his view, Web3 is the vehicle that will bring the entire world "on-chain."

Mullin 认为，代币化是一股注定要重塑世界的变革力量。他设想了一个未来，社会的各个方面，从有形资产到无形概念，都以数字形式表示和交换。在他看来，Web3 是将整个世界带入“链上”的工具。

Conclusion

结论

RWA tokenization offers immense potential for revolutionizing the investment landscape. While hype inevitably accompanies emerging technologies, the interest in tokenizing real-world assets is underpinned by solid fundamentals: growing institutional demand and the ability to overcome regulatory barriers. As projects navigate the legal complexities and bridge the digital and physical worlds, RWA tokenization is poised to make a transformative impact on Web3 adoption and beyond.

RWA 代币化为彻底改变投资格局提供了巨大的潜力。虽然炒作不可避免地伴随着新兴技术，但对现实世界资产代币化的兴趣是由坚实的基本面支撑的：不断增长的机构需求和克服监管障碍的能力。随着项目克服法律复杂性并连接数字世界和物理世界，RWA 代币化有望对 Web3 的采用及其他领域产生变革性影响。